221 Glen Huntly Road, Elsternwick, VIC 3185

Retail

Sold

Sold

  • Property ID: 400308
  • Floor Area: 130m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 23/11/2021 130m2 N/A Contact Agent
Premium Corner Freehold Investment

Grandfield Property Group is pleased to offer for sale this premium corner freehold at 221 Glen Huntly Road, Elsternwick.

Located on the ground floor of iconic 'Element' apartment complex with excellent corner exposure, this tenanted investment opportunity is positioned in the heart of Elsternwick retail shopping & entertainment precinct.

Key attributes of this investment include:

- Fully leased to longstanding highly rated Cafe & Restaurant tenant 'Mothers Instinct Eatery'
- 10-year lease from July 2015 with additional options until 2035
- Strong net annual income of $86,479.96 +GST+Outgoings with fixed annual rental increases
- Area: 130 sqm approx.
- Outstanding corner location with dual shop frontage exposure
- Excellent public transport including tram and bus stops at doorstep and Elsternwick Railway Station within walking distance
- Highly sought after location on Glen Huntly Road surrounded by leading national retailers, local renowned cafe & restaurants including Woolworth Metro, Coles, Commonwealth Bank, Grilled, Hanoi Hannah, Penta & Carter Lovett etc.

For Sale by Expressions of Interest closing Friday 26th November 2021 at 5pm.

For further information or to arrange a private inspection of the property please contact exclusive selling agents Grandfield Property Group Sales Team.

Elsternwick Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $988 ---
Retail $8333 $376 4.51%
This is the average advertised price, rent and yield for Elsternwick, VIC 3185*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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